Top Silicon Valley investor predicts 'cascade' of Trump support, cites Biden's 'hostile' stance on crypto, AI

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Craft Ventures co-founder David Sacks predicts a 'cascade' of support for former President Trump in Silicon Valley, citing a 'hostile' stance on crypto by the Biden administration on 'The Ingraham Angle.'

Craft Ventures co-founder David Sacks joined 'The Ingraham Angle' on Friday, telling host Laura Ingraham there was 'tremendous enthusiasm' for former President Trump during a fundraiser Thursday in true blue, liberal San Francisco. When asked by Ingraham about what Silicon Valley supporters hope to gain by backing the former president, Sacks emphasized that the support is not transactional.

Honestly, it's not that transactional. You know, it's not like there's some sort of overt quid pro quo. Most of these people just really love America, and they want to see America doing better,' Sacks explained. Sacks added that the industry seeks more pro-innovation policies, contrasting the Biden administration's 'hostile' stance toward crypto and artificial intelligence.

With each incremental person who sticks their neck out and endorses Trump, it makes the rest of them feel more comfortable doing it, and you're seeing, I think, a cascade starting to happen now, where more and more people are going to come out for Trump,' Sacks added.

 

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